Strakers first sale of 2016 saw the biggest crowd at our Swindon sale since we started selling at the Steam Museum in 2012. With the stamp duty increase on the 1st April this was one of the last chances to buy and sell in time to avoid the 3% increase.
The packed room saw some entertaining bidding which resulted in some surprising but excellent results. The investments sold well including the two commercial properties which in the past have struggled, the mixed use investment in Swindon produced a yield of 8.4%.
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To view the full set of results please click on the link below
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As well as being Auction experts all our 8 offices have experienced staff offering free professional advice and helpful guidance on all aspects of the property spectrum including lettings, commercial, land and new homes and residential. Feel free to come along to the next auction which is at the Assembly Rooms in Bath on the 31st March. For further information on any of our services please click on the link below.
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One of the standout Lots was 1 Grosvenor Road, Swindon. This 5 bedroom investment property produces a gross rental income of £25,220pa and had a guide price of £180,000+. There was a high level of interest in the Lot with competitive bidding in the room ending with a figure £40,000 above the guide price. I'm sure the buyer was still delighted though as they'll still be achieving a gross yield 11.5%. The seller was also pleased, you can see their comments below.
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Strakers next Auction will be held in the Assembly Rooms, Bath on the 31st March. The closing date for entry is the 26th February.
If you would like any advice on buying or selling by action please contacts us on 01249 765200.
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2 x 1 bedroom mews style houses for conversion in popular Cotswold village….guide price: £130,000+. Also available on the open market is a newly converted 1 bedroom property in good condition throughout within the same development with a guide price of £129,950. It has an estimated rental value of £600pcm / £7,200 per annum.
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